Lagos State Governor Babajide Sanwo-Olu has signed the Lagos Electricity Bill 2024 into law, a significant step aimed at addressing the state’s long-standing energy challenges. The new law is expected to boost economic activities and industrial growth by improving access to reliable electricity across Lagos.
The signing ceremony took place at the Lagos House in Ikeja on Tuesday. Speaking on the development, the governor’s Special Adviser on Media and Publicity, Gboyega Akosile, highlighted the importance of the bill.
“The bill is a major step by the state government to ensure a 24-hour electricity supply to every corner of the state, following the Federal Government’s approval for states to generate and distribute energy in 2023,” Akosile stated on X.
The law aims to reduce Lagos’s dependence on the national grid, allowing the state to explore independent energy solutions. This move is part of a broader vision to establish Lagos as a globally competitive city with reliable and uninterrupted electricity.
In a bid to address the state’s energy deficit, the Lagos State Government recently invited independent power producers and energy firms to submit proposals for building gas-fired power plants. This initiative, announced in November, is being coordinated by the Ministry of Energy and Mineral Resources in collaboration with the Office of Public-Private Partnerships.
Biodun Ogunleye, Commissioner for Energy and Mineral Resources, and Bukola Odoe, Special Adviser for Public-Private Partnerships, emphasized that the Clean Lagos Electricity Market initiative aims to create a sustainable power supply system to support the growing demands of Africa’s largest city.
